Bank of Montreal Shares Slide 5%,
Following Its Deal to Buy CSFB Unit

TORONTO -- Bank of Montreal's move to acquire CSFBdirect for $520 million added to investors' concerns about the bank's slumping profits and its strategy.

Shares of Canada's fifth-biggest bank fell 5% after it confirmed it has agreed to acquire the online-trading unit of Credit Suisse Group's Credit Suisse First Boston. The agreement was disclosed in The Wall Street Journal Wednesday.